Marion,along with several others,lost substantial funds through an investment based on misrepresentations stated in a secondary market disclosure their broker recommended.The disgruntled group's lawyer advised that recent amendments to provincial securities legislation now provide a meaningful civil remedy and facilitate class actions.Which of the following exemplifies the type of amendment made to achieve these goals?

Question

Quizplus · Accepted Answer

The amendment that facilitates class actions by removing the requirement to prove reliance and substituting deemed reliance by investors is exemplified by choice C. This amendment makes it easier for investors to pursue civil remedies and class actions in cases where they have lost money due to misrepresentations made in secondary market disclosures. The other choices mention ease of establishing reliance, removing the issue of proof of reliance, and pursuing statutory causes of action, but they do not specifically relate to the type of amendment that facilitates class actions by removing the requirement to prove reliance.

Marion,along with Several Others,lost Substantial Funds Through an Investment Based